PART 1Income tax, corporation tax and capital gains tax
CHAPTER 2Income tax: general
Other provisions
25Cars and vans: payments for private use
(1)
In section 144 of ITEPA 2003 (deduction for payments for private use: cars), for subsection (1)(b) substitute—
“(b)
pays that amount in that year.”
(2)
In section 158 of that Act (reduction for payments for private use: vans), for subsection (1)(b) substitute—
“(b)
pays that amount in that year.”
(3)
The amendments made by this section have effect for the tax year 2014-15 and subsequent tax years.